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THE LATEST PLACEMAKING NEWS

Neinver – a leading investor, developer and operator in the European outlet centre industry and the largest operator in Spain and Poland – has announced that sales across its outlet portfolio grew to €487M during the first half of the year, an 8% increase compared to the same period in 2018. The number of visitors to the 16-outlet-centre portfolio also rose by 3% to 21 million.

Fashercise, the successful activewear e-commerce label, has selected Seven Dials for its first UK store. Launching at 46 Monmouth Street this summer, the 650 sq ft space marks the evolution of the digitally native brand into a specialist concept store in London’s West End.

On July 11, Centro Oberhausen celebrated the completion of the two-year modernization project. Together with partner CPP Investment Board, Unibail-Rodamco-Westfield invested around 20 million euros in the refurbishment. Half of the investment sum went into the core of the revitalisation, the redesign of the Coca-Cola Oase food court.

Retail real estate specialist ECE Real Estate Partners has set up an open-ended pan-European shopping centre fund. The new “ECE Progressive Income Growth Fund” (EPIG Fund) has secured equity commitments of more than EUR 700 million from a leading global institutional investor base and has acquired a seed portfolio consisting of dominant shopping centres in Germany, Austria, Denmark, Poland and Italy with a market value in excess of EUR 1.6 billion. For the upcoming years, further acquisitions of dominant European shopping centres are planned.

The Shops at Crystals, a luxury mall in Las Vegas, wanted to celebrate spring with a unique centerpiece: Giant lilies that open up, play music and sparkle with light.